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IBM and ANZ Bank have signed a four-year major technology agreement to support the bank’s digital transformation, further expanding the four-decade long collaboration between the organisations.

Under this new agreement, ANZ Bank will have access to the latest IBM technology to support ANZ’s modernisation objectives for its enterprise IT, branch and secure online banking services.

ANZ Bank will now have access to the majority of IBM’s software product catalogue to progress its core system modernisation program. This further embeds IBM as a key partner, with IBM software leveraged to focus on Data & AI with IBM Cloud Pak for Data, Security with IBM Security Trusteer and Business Automation with IBM Cloud Pak for Business Automation.

This agreement also expands the API & DevOps capabilities of the banks’ core banking systems running on IBM’s z16, with an integrated on-chip AI accelerator—delivering latency-optimized inferencing, and also provides innovations such as compute as cloud, which allows the bank to run workloads and applications in a cloud consumption model.

ANZ will also have access to the IBM Innovation Academy, to promote innovation investment within the bank. This will give ANZ access to specialised engineering skills, enablement, and technology such as quantum computing.

“We’re proud of the enduring collaboration with ANZ Bank, and our work together to build a flexible, secure and resilient environment that meets the needs of ANZ customers. This agreement extends the bank’s ability and flexibility to deploy IBM technology to support their digital transformation and ultimately the quality of services for their customers,” said Rob Chapman, IBM Technology Leader for ANZ.